Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448

Global China Kuwait Oman 448

Green Car Congress

MARCH 6, 2018

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218

Brazil Norway Oil Canada 218

Green Car Congress

AUGUST 31, 2021

When service stations in Algeria stopped providing leaded gasoline in July, the use of leaded gasoline in cars ended globally. This development follows an almost two-decades-long campaign by the UN Environment Programme (UNEP)-led global Partnership for Clean Fuels and Vehicles (PCFV).

Gasoline 281

Gasoline Algeria 2002 Environment 281

Green Car Congress

APRIL 13, 2023

Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. EIA expects the Brent crude oil spot price to average $85 per barrel in 2023, $3 per barrel higher than its March forecast.

Global 210

Global Fuel Production South America 210

Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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Oil Price Production Oil Prices 344

Green Car Congress

DECEMBER 8, 2020

Gasoline sales fell 8.4% (nearly 185 million less gallons) from the previous week for the seven-day period ending 28 November, bringing consumption to the lowest level for a Thanksgiving Week in 23 years, going back to 1997. Northeastern gasoline sales dropped 10.1% —Tom Kloza, executive director, IHS Markit.

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Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

SEPTEMBER 20, 2022

Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. The refining capacity of crude oil is approximately 10.5 Porvoo refinery. million ton/a.

Oil 259

Oil Renewable Finland Mariner 259

Green Car Congress

JULY 8, 2021

As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 EIA expects that global liquid fuels consumption will grow by 5.3 In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7

2019 243

2019 Global Fuel Gasoline-Electric 243

Green Car Congress

AUGUST 23, 2022

Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026, accounting for approximately 48% of the total capacity additions by 2026, according to GlobalData, a data and analytics company. —Teja Pappoppula, Oil and Gas Analyst at GlobalData.

Asia 195

Asia Global Oman Nigeria 195

Green Car Congress

MARCH 27, 2020

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

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Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

MARCH 9, 2018

Audi remains convinced of the potential of the fuels e-gas, “e-benzin” (e-gasoline) and e-diesel and is continuing to pursue its e-fuels strategy. Audi and its development partners Global Bioenergies S.A. galons US), the largest batch yet produced—of synthetic Audi e-gasoline for initial engine tests. Earlier post.)

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Audi Gasoline Global Engine 199

Green Car Congress

OCTOBER 23, 2020

Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. 5 consumer of oil,” Krane said.

Saudi Arabia 397

Saudi Arabia Global Fuel Oil 397

Green Car Congress

JANUARY 12, 2022

The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 million barrels per day in 2021.

Oil 199

Oil Production Coal Solar 199

Green Car Congress

FEBRUARY 18, 2021

IHS Markit places the global peak for oil demand (gasoline and diesel) from LVs in 2019 when the demand averaged 29.1 IHS Markit places the global peak for oil demand (gasoline and diesel) from LVs in 2019 when the demand averaged 29.1 of world oil demand in 2020. of world oil consumption.

Light 170

Light GM Gasoline Oil 170

Green Car Congress

JUNE 23, 2022

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also continued his calls for the oil industry to increase refinery capacity to increase production.

Congress 259

Congress Fuel Tax Tax Fuel 259

Green Car Congress

JUNE 29, 2020

Gasoline consumption in the United States is now more than halfway back to pre-COVID-19 levels as motorists get back on the road amid at least a partial recovery of the US economy, according to OPIS, an IHS Markit company. This allows users to track and benchmark industry trends for overall retail gasoline sales.

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Gasoline Connecticut 2019 Indiana 207

Green Car Congress

JANUARY 4, 2022

Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic. The GSCI is a commodity index that tracks the performance of global commodities markets. WTI crude oil makes up the largest share of the overall GSCI at more than 21%.

Price 273

Price Energy Oil Gasoline 273

Green Car Congress

AUGUST 3, 2022

million barrels per day (MMb/d) of global refinery capacity once fully operational. In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The scheduled expansions follow a period of reduced global refining capacity. million b/d in 2023.

Asia 418

Asia Saudi Arabia Kuwait Oman 418

Green Car Congress

MARCH 9, 2013

Transportation fuel mix in millions of oil-equivalent barrels through 2020. Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Mix of the global vehicle fleet.

Gasoline 383

Gasoline Transportation 2020 Diesel 383

Green Car Congress

FEBRUARY 5, 2013

Neste Oil has decided to build an isomerization unit at its Porvoo refinery. The investment, valued at approximately €65 million (US$88 million), is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. The isomerization unit will have a capacity of 600,000 t/a.

Gasoline 199

Gasoline Oil Finland Production 199

Green Car Congress

SEPTEMBER 14, 2021

For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. The findings are part of a new analysis by the Refining and Marketing service at IHS Markit. —Sandeep Sayal, vice president, oil markets and downstream refining, IHS Markit.

2019 170

2019 Global Production Oil 170

Green Car Congress

MAY 3, 2017

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Maybe even decline. ”.

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Oil Electric Vehicles Vehicles Financing 218

Green Car Congress

JULY 4, 2016

France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives. million tons per year).

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Grant Audi Renewable Gasoline 150

Green Car Congress

APRIL 18, 2023

billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi. million vehicles.

Brazil 296

Brazil Renewable Diesel Oil 296

Green Car Congress

JANUARY 27, 2023

Topsoe and Steeper Energy , a developer of biomass conversion technologies, signed a global licensing agreement for a complete waste-to-fuel solution. We are excited to combine our efforts with Topsoe and bring our joint solution to the renewable liquid fuels market. It has a particularly low oxygen content of less than 10% by weight.

Waste 293

Waste Energy Oil Conversion 293

Green Car Congress

JULY 5, 2023

The renewable units in Cheyenne (6,000 BPD) and Sinclair (10,000 BPD) are from the conversion of crude oil refinery assets whereas the Artesia (9,000 BPD) renewable unit is a grassroots renewable facility. Through its subsidiaries, it operates seven complex refineries with a total processing capacity of 678,000 barrels per day of crude oil.

Renewable 195

Renewable Diesel Wyoming New Mexico 195

Green Car Congress

SEPTEMBER 27, 2022

Nearly all petroleum products contributed to increased exports, and the largest volumes came from distillate fuel oil and hydrocarbon gas liquids (HGLs), which include propane. Distillate fuel oil exports increased by 19% (190,000 b/d) from the first half of 2021 to the first half of 2022.

Russia 284

Russia Production Oil Ukraine 284

Green Car Congress

JUNE 2, 2022

The Long-Term Electric Vehicle Outlook outlines two scenarios for the uptake of electric transport to 2050, and examines impacts on demand for batteries, materials, oil, electricity, infrastructure and emissions. million barrels of oil demand per day. That’s up from 16 million at the end of 2021. million barrels per day by 2025.

Transportation 473

Transportation Emissions Fleet Economy 473

Green Car Congress

FEBRUARY 17, 2012

Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. — Biofuels Markets and Technologies. billion in 2011 to $185.3 billion by 2021.

Global 253

Global Market 2012 Financing 253

Green Car Congress

MARCH 23, 2023

The BLADE (Beaumont Light Atmospheric Distillation Expansion) project built a third crude unit within the facility’s existing footprint to expand light crude oil refining. Permian crude oil is processed at the Beaumont refinery where the company manufactures finished products, including diesel, gasoline, and jet fuel.

Delaware 353

Delaware Oil 2012 Light 353

Green Car Congress

AUGUST 13, 2020

The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases and soybean oils. The Phillips 66 Rodeo Renewed project would produce 680 million gallons annually of renewable diesel, renewable gasoline, and sustainable jet fuel.

San Francisco 259

San Francisco Renewable Fuel Convert 259

Green Car Congress

SEPTEMBER 8, 2011

Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated, according to the US Energy Information Administration (EIA). This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.

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2007 Global Market Production 273

Green Car Congress

NOVEMBER 7, 2011

Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.

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Oil 2010 2020 Global 210

Green Car Reports

NOVEMBER 22, 2017

The latest study on the future of transportation paints an increasingly dim picture for the oil industry, though it suggests that the industry is in no danger of collapse.

Oil 113

Oil Global Market Transportation 113

Green Car Congress

SEPTEMBER 18, 2017

tonnes more CO 2 than an equivalent gasoline car over its lifetime due to a more energy-intensive refining of the diesel fuel; more materials required in the production of heavier and more complex engines; higher emissions from biodiesel blended in the diesel fuel; and longer mileage because fuel is cheaper. l/100 km (37.3 mpg US) and 7.1

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Gasoline Diesel CO2 Cars 220

Green Car Congress

APRIL 8, 2020

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market.

CO2 353

CO2 Fleet Emissions Oil Prices 353

Green Car Congress

DECEMBER 11, 2014

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 US backlogs of gasoline and distillates also were up, according to the API.

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Oil Prices Oil 2015 Price 199